Presented by : Mr. Sem Shaikh

The M.S. University of Baroda

Master of Commerce

Department of Commerce & Business Management

Career Management & Career Planning

WHAT IS CAREER ?Def. (Oxford English Dictionary)A person’s course or progress through life. It also pertains to his occupational or profession that usually involves special training or formal education and is considered to be a person’s lifework.

Career: Herbert Simon defines career as “an honourable occupation with one normally takes up during his/her youth with the expectation of advancement and pursues it until retirement

WHAT IS CAREER DEVELOPMENT ?

Career development is an ongoing process of gaining knowledge and improving skills that will help an individual to establish a career plan.

DEFINITIONS

Career management consists of the process of career planning & career succession. Career planning shapes the progression of individuals within an organization in accordance with assessments of organizational needs & the performance, potential and preferences of individual members of the enterprise.

According to Sonnenfeld, Peiperl and Kotter (1992),It is the set of policies & practices an organization uses to provide for its human resource requirements.

Management succession planning takes place to ensure that, as far as possible, the organization has the managers it requires to meet future business needs.

OVERALL AIMS

1.To ensure that the organization’s needs for management succession are satisfied.

2. To provide men and women of promise with a sequence of training and experience that will equip them for whatever level of responsibility they have the ability to reach.

3. To give individuals with potential the guidance and encouragement they need if they are to fulfill their potential & achieve a successful career with the organization in tune with their talents & aspirations.

PROCESS OF CAREER MANAGEMENT

Career dynamics

Career management

policies

Demand/ supply

forecasts

Succession planning

Performance & potential

assessmentRecruitment

Career planningSelf-assessment

Induction training &

initial experience

Management development

Career counselling

MentoringManagement

training

Career progression

OBJECTIVES OF CAREER PLANNING

1. Identifying and making clear opportunities available.

2. To reduce employee turnover.

3. To Increase productivity.

4. To identify the career stages and enhance the motivational level.

5. To achieve the organization's goal by providing the employees paths to reach higher order needs.

SCOPE OF CAREER PLANNING

• Human Resource forecasting and planning

• Career Information

• Career Counseling

• Career Pathing

• Skill Assessment training

• Succession Planning

Steps in Career planning (Employee perspective)

• Make Career Planning an Annual Event

• Map Your Path Since Last Career Planning

• Reflect on Your Likes and Dislikes, Needs and Wants

• Examine Your Pastimes and Hobbies

• Make Note of Your Past Accomplishments

• Look Beyond Your Current Job for Transferable Skills

• Review Career and Job Trends

• Set Career and Job Goals

• Explore New Education/Training Opportunities

• Research Further Career/Job Advancement Opportunities

THANK YOU